Fremont, Calif. — Redwood Systems, a provider of energy-efficient lighting technology, announced it has raised about $12 million in its third round of venture capital, which included participation from Battery Ventures, U.S. Venture Partners, Index Ventures and Mitsui & Co.
Founded in 2008, Redwood Systems offers technology for efficient low-voltage DC power and control for workplace lighting fixtures using a “high-density” sensor network. Its approach, according to the company, allows the system to provide an average of 75% energy savings, as well as gathering data around power consumption, temperature and space utilization.
The company’s customers include Facebook, SAP and Volkswagen.
Redwood recently established operations in Europe, where it signed EDF, the second largest electric utility company in France, as a customer.
Image credit: Redwood Systems